Question

H ltd acquired 75% share in S LTD on 30th September 2015. on 1th April, the balance in reserves and profit and loss was RS .50,000 and RS 60,000 respectively. on 20th may 2015 stock of S LTD amanting to RS. 30,000 was destroyed by fire. The insurance company paid RS .20,000 as damages. the profit and loss account, balance of S LTD on 31th March 2016 was RS 1,50,000​

Answer 1

Answer:

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